Global X MLP ETF (NYSEARCA:MLPA – Get Free Report) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 493,275 shares, a growth of 113.3% from the September 15th total of 231,258 shares. Based on an average trading volume of 272,809 shares, the short-interest ratio is currently 1.8 days. Approximately 1.2% of the company’s shares are sold short.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Field & Main Bank bought a new stake in shares of Global X MLP ETF in the 2nd quarter worth $99,000. Turtle Creek Wealth Advisors LLC bought a new position in shares of Global X MLP ETF in the 1st quarter valued at approximately $102,000. NBH Bank acquired a new stake in shares of Global X MLP ETF in the second quarter valued at about $119,000. Stillwater Private Wealth LLC bought a new stake in shares of Global X MLP ETF in the 1st quarter worth approximately $200,000. Finally, LifeGoal Investments LLC acquired a new position in shares of Global X MLP ETF in the 2nd quarter valued at $214,000.
Global X MLP ETF Stock Down 0.3%
Shares of NYSEARCA MLPA traded down $0.18 during trading on Tuesday, hitting $53.88. 78,372 shares of the company traded hands, compared to its average volume of 234,070. Global X MLP ETF has a 1 year low of $46.51 and a 1 year high of $58.00. The firm has a market capitalization of $2.28 billion, a P/E ratio of 14.42 and a beta of 0.49. The company has a 50-day moving average price of $55.92 and a 200-day moving average price of $54.83.
Global X MLP ETF Company Profile
The Global X MLP ETF (MLPA) is an exchange-traded fund that is based on the Solactive MLP Infrastructure index, a market-cap-weighted index of US-listed midstream MLPs, and is structured as a C-corporation. MLPA was launched on Apr 18, 2012 and is managed by Global X.
Featured Stories
- Five stocks we like better than Global X MLP ETF
- Surgical Precision, Sustainable Returns: Johnson & Johnson Secures its Cash Flow Runway
- Tesla’s Robotaxi Lands in Paris—But Europe’s Real Fight Is Over Cheap EVs
- IonQ Fell 9% on a $1.3 Billion Deal—Is Wall Street Missing Something?
- JPMorgan Earnings Miss Estimates But Reveal Broad-Based Strength
Receive News & Ratings for Global X MLP ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global X MLP ETF and related companies with MarketBeat.com's FREE daily email newsletter.
